SFGTV: San Francisco Government Television
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Oct 11, 2012
10/12
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a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund
a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure....
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Oct 7, 2012
10/12
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KRCB
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>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, buthere is no question the obama campaign folk
>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes?...
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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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Oct 8, 2012
10/12
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MSNBC
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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Oct 12, 2012
10/12
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CNN
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on taxes. >> you can cut tax rates by 20%. and still preserve these important preferences for middle-class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: -- on medicare. >> they just allow medicare to bargain for the cost of drugs like medicaid can that would save $156 billion right off the bat. >> it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak, our adversaries are much more willing to test us, they're more brazen in their attacks and our allies are less willing -- >> with all due respect that's a bunch of malarkey. >> reporter: the vice president appeared determined to make up for president obama's mistakes last week. almost immediately launching the attack lines obama never used in his debate. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my neighbors, they pay more effective tax than governor romney pays in his federal income tax. >> reporter:
on taxes. >> you can cut tax rates by 20%. and still preserve these important preferences for middle-class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: -- on medicare. >> they just allow medicare to bargain for the cost of drugs like medicaid can that would save $156 billion right off the bat. >> it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak, our...
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Oct 14, 2012
10/12
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. >> it is one of those tax measures on the ballot. i think it is important because it is proposed by tom star, a billionaire hedge fund management man, and someone very involved in green energy issues. this is what a lot of people say is an effort to fix loopholes for out-of-state company, requiring them to calculate their california sale's tax based on the percentage of sales they have in california. so, like this amazon that sells lots of stuff in california but is based out of california would have to pay a higher tax. that money would go to clean energy projects. >> there are two other propositions. i don't have time to get into the details too much except they repeal things. prop 34 will end the death penalty and replace it with life with no parole. >> cost. >> the cost, right. >> is that a valid representation. >> tax payers will actually get the -- it has happened. >> and proposition 36 repeals three strikes so people don't end up with some punishment for -- . >> it is just repealing it. you have to committed a invite lent crim
. >> it is one of those tax measures on the ballot. i think it is important because it is proposed by tom star, a billionaire hedge fund management man, and someone very involved in green energy issues. this is what a lot of people say is an effort to fix loopholes for out-of-state company, requiring them to calculate their california sale's tax based on the percentage of sales they have in california. so, like this amazon that sells lots of stuff in california but is based out of...
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Oct 12, 2012
10/12
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they pay more effective tax than governor romney pays in his federal income tax. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. >> mitt romney is a good man. he cares about 100% of americans in this country. and with respect to that quote, i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> some great moments last night. welcome back to "morning joe." a live look at the white house as the sun comes up over washington. mark mckinnon's still with us. and joining us on set, nbc news's tom brokaw and moderator of "meet the press," david gregory. gentlemen, good to have you on board this hour. >> good morning. >> wow! where do we begin? what a great night. >> how about david grinning like a c
they pay more effective tax than governor romney pays in his federal income tax. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. >> mitt romney is a good man. he cares about 100% of americans in this...
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Oct 8, 2012
10/12
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now buthey paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed has
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now buthey paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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Oct 7, 2012
10/12
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there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the loopholes, you're attacking him for not giving you the target and you tack him when you get the target. >> and it's like admitting that the substance doesn't match up. >> if there's substance, why do, you keep bringing up substance. let me hear some obama substance. your substance is always to attack romney. >> if he had a couple of sharp ideas and looked like he liked the job, he would have had a much better debate. >> mitt romney said my health care plan will do the same thing. >> it doesn't seem to me that it's as binary as this, mr. speaker. think there's an issue of whether something has to give. can you talk about fact chec
there's a 20% rate reduction from the bush tax cuts, we're going to end the estate tax. we're going to cut the corporate tax rate from 35% to 25%. you cannot sit here, mr. speaker or anybody can sit here and say that doesn't require a reduction in the amount of revenue by $4.8 trillion. >> i'll say it i'll say it. >> moderates, levels, everybody says here's the problem, you guys won't give them any credit for closing loopholes. he won't name the loopholes, you're attacking him for...
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Oct 10, 2012
10/12
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it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current condition and i don't hear anybody talking about what's going to be done to alleviate those factors. going to give you a couple examples. one is the banks. the availability of money. two, is the confidence in wall street. so many got burned, very few people private investors, want to take chance on investing money. three oil, the war in iraq, restricted the flow out of one of the major producers when congress petitioned for that oil around the world which was increasing at a dramatic rate. finally, new industries, previously in all of the recoveries there were alw
it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current...
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Oct 10, 2012
10/12
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CNNW
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't agree with that more. and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going
our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't...
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Oct 12, 2012
10/12
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FOXNEWS
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to the tax hike issue that is taxing the white house right now. you her the vice president say this. >> the middle class will make less and those making a million and more will contribute more. >> we cannot afford $800 billion going to people making a minimum a million. they do not need it. >>neil: what about the times his boss said this? >> i am ready to make sure the taxes are fought raised by a single dime on your family's first $250,000 of income. >> $250,000. >> $250,000 of income. >> $250,000. >> $250,000 of any family income . >>neil: i am confused: $250,000 or a million. my guest says this could be part of a political game for votes. >>governor huckabee: facts? who cares, $250,000, $1 million? innation is tough. this is amazing. people with a straight face who will flatout lie and tell us things they have to know are not ever close to true. is there a vat joy? if you are going to raise taxes and you frame it that you are only going after the $1 million crowd, but you are going after the $250,000 it just sounds better? >>governor huckabee:
to the tax hike issue that is taxing the white house right now. you her the vice president say this. >> the middle class will make less and those making a million and more will contribute more. >> we cannot afford $800 billion going to people making a minimum a million. they do not need it. >>neil: what about the times his boss said this? >> i am ready to make sure the taxes are fought raised by a single dime on your family's first $250,000 of income. >> $250,000....
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Oct 14, 2012
10/12
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FBC
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tax revenues jump. ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to trooper release seven taxes from obamacare ball directly on the middle class. the tax for not having health care insurance. obamacare taxed the many in the name of flexible spending account in those to deduct from taxes. i could go on and on. joe biden scored big points claiming hedge funds would benefit. biden: 90% of small business america make less than $250,000. others are hedge funds making $600 billion per year that counts as the small business. gerri: hedge fund? the irs says they fall within the household of the top two brackets that the administration wants to raise taxes. and more than half of americans. vice president wants to raise taxes on small business. paul ryan does not. beau biden says the plan worked anybody knows the numbers knows it is not true. the federal deficit on track to hit $1 trillion for the fou
tax revenues jump. ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to trooper release seven taxes from obamacare ball directly on the middle class. the tax for not having health care insurance. obamacare taxed the many in the name of flexible spending account in those to deduct from taxes. i could go on and on. joe biden scored big points claiming hedge funds would benefit. biden: 90%...
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Oct 7, 2012
10/12
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MSNBCW
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federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com. good to you you guy he. >> you too, j. >> i think it is clear that romney ran all over obama. from a small business owner's perspective he addressed the issues we have not seen addressed offer the laugh four years. most notably, how are we going to get this economy growing again because from a small business owner's perspective, that is what is going to get them hiring and make them more successful. if the economy grows, more people are buying from them. there's more confidence, and it is just a self fulfilling prophecy. >> what we are dealing with here, four years -- apart from what presi
federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com....
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Oct 13, 2012
10/12
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CNN
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your taxes are going up next year. even if congress fixes the fiscal cliff, there is one tax break that is almost certain to disappear. a tax break for all working americans. it's called the payroll tax holiday, and when it expires january 1st, paychecks for 160 million americans will get smaller. if you make $50,000 a year, you'll take home a thousand dollars less next year. you'll have less money to spend, and the left-leaning economic policy institute says the payroll tax cut alone will cut economic growth and will cost one million jobs. let's put it in perspective. that means the tax man is getting what your family could be spending each week on, say, six lattes at starbucks or five gallons of regular unleaded. 15 dozen eggs, or seven gallons of orange juice. every week. you don't have to eat 15 dozen eggs a week to understand how much money a thousand dollars a year is. imagine if we go over the fiscal cliff and your taxes go up, say, $3,000 or more. why is no one inas
your taxes are going up next year. even if congress fixes the fiscal cliff, there is one tax break that is almost certain to disappear. a tax break for all working americans. it's called the payroll tax holiday, and when it expires january 1st, paychecks for 160 million americans will get smaller. if you make $50,000 a year, you'll take home a thousand dollars less next year. you'll have less money to spend, and the left-leaning economic policy institute says the payroll tax cut alone will cut...
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Oct 9, 2012
10/12
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CNBC
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it has to do with tax reform and corporate tax reform. romney has the better plan but eliminates the extra territorial nature of the tax code. i'm a big fan of that policpoli. >> you don't have to love romney to know he is going to strangle and love all businesses. the current president we don't know that. >> i'm saying a romney victory i'm going to come out and say it, will raise the animal spirits that will been down. the cash flow has been out there. it is the psychology that is going to improve. >> it is that and the gradual recovery of the economy. we have been seeing a pick up. housing has better than bottomed and the banks are getting healthier. cni loans are up 3.5%. that is a leading indicator for consumer lending and that is very powerful in terms of having new leadership and more money for these companies to spend here. >> last 25 seconds when do we beat the old highs of 07? >> november 7th. my gosh, energy stocks and health care stocks. thank you very much. wonderful stuff. coming up tonight, what does chuck schumer think he i
it has to do with tax reform and corporate tax reform. romney has the better plan but eliminates the extra territorial nature of the tax code. i'm a big fan of that policpoli. >> you don't have to love romney to know he is going to strangle and love all businesses. the current president we don't know that. >> i'm saying a romney victory i'm going to come out and say it, will raise the animal spirits that will been down. the cash flow has been out there. it is the psychology that is...
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Oct 13, 2012
10/12
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and other taxes and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47%, this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. [ cheers and applause ] take some responsibility to help the american people, the middle class. instead of lining up to sign a pledge to a guy named grover in order kwis. >> ezra, i have to say for me one of my favorite moments in the debate was with him pointing out the effective rate romney pays compared to what other people in the real world pay. i'm not sure how many people jumped on that a as their favorite moment but. >> you and me, lawrence. >> but biden is finding more effective ways of isolating that romney tax return 14% number. >> it wasn't just that. biden i thought actually figured out what obama didn't figure out a week before which is how to deal with the ryan/romney ticket on taxes, medicare and social
and other taxes and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47%, this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. [ cheers and applause ] take some responsibility to help the american people, the middle class. instead of lining up to sign a pledge to a guy named...
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Oct 9, 2012
10/12
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MSNBC
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check this out. >> by kiting taxes, with the big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> that was kind of strange. >> yeah, take off that microphone. good luck trying that with joe biden on thursday. >>> plus big bird is still flying high, and there are signs now that the great yellow friend is getting under mitt romney's skin. >>> and the inside story of the family intervention inside the romney campaign. it's a real shocker, and it really happened. you're watches "politics nation" on msnbc. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. you can mix and match all day! [ male announcer ] don't miss red lobster's endless shrimp, just $14.99! try as much as you like, any way you like! like parmesan crusted shrimp. hurry in, offer ends soon! i'm ryan isabell and i see food differently. >>> have
check this out. >> by kiting taxes, with the big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> that was kind of strange. >> yeah, take off that microphone. good luck trying that with joe biden on thursday. >>> plus big bird is still flying high, and there are signs now that the great yellow friend is getting under mitt romney's skin. >>> and the inside story of the family intervention inside the romney campaign. it's a...
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Oct 9, 2012
10/12
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FOXNEWS
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be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean: that's pretty frightening. it's in bookstores as of tomorrow morning, amazon.com, called "black helicopters." dick, thank you. >> thank you. >> sean: when we come back, is there a major donor scandal about to blow up in the president's face? our guests say they have things that could derail the president before election day. and in the middle east, this time the israelis take out a drone. the middle east burning. this all happens as mitt romney goes out with a major foreign policy speech telling voters that the president has fail
be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean:...
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Oct 11, 2012
10/12
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CSPAN
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the corporate tax. we have the highest corporate tax in the world. it's one of the reasons why jobs are going overseas because we have taxed and regulated american jobs out of business. we don't want american jobs to compete, we want them to dominate. we want to be able to dominate the world market and we believe that the ability to do that is reducing taxing and regulation on american companies. host: i want to get a republican phone call here for robby mook. this is debby in houston, texas. caller: good morning i'm a tea partier and i'm getting tired of hearing them bad mouth the tea party as sort of conspiracy. let me explain to you, we started the tea party because we were sick and tired what was going on in washington by both the democrats and the republicans. we were tired of it. mr.mook, i hate to tell you but the democrats do nothing but lie which is why you're blaming mitt romney for lying. don't call the kettle black when you're black. i'm going it tell you, i listen to c-span and i listen to
the corporate tax. we have the highest corporate tax in the world. it's one of the reasons why jobs are going overseas because we have taxed and regulated american jobs out of business. we don't want american jobs to compete, we want them to dominate. we want to be able to dominate the world market and we believe that the ability to do that is reducing taxing and regulation on american companies. host: i want to get a republican phone call here for robby mook. this is debby in houston, texas....
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. get america energy independent by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in...
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Oct 13, 2012
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investment taxes and dividend taxes, which the romney campaign has said it wouldn't do. so, for those reasons, our verdict here is that it's false. you can't cut taxes and keep middle class deductions and cut tax as and keep lower rates on capital gains. the tax policy center says it can't be done, randi. >> what would the romney/ryan team have to do to make the math work? can it work? >> i asked that question this week to moody's analytics and this is what he said. >> romney campaign could adjust their plan. they could say, okay, i'm not going to lower tax rates as much as i'm saying right now and make the arithmetic work. but under the current plan with the current numbers, no, it doesn't. >> randi, we need more specifics awhat kind of tax breaks for the rich would be scaled back and what exactly the tax plan would look like and the campaign has said, randi, they want to work with congress on that. they don't have those details because that's something the administration and congress would do together. until then, they say you can't make the math work. >> specifics wou
investment taxes and dividend taxes, which the romney campaign has said it wouldn't do. so, for those reasons, our verdict here is that it's false. you can't cut taxes and keep middle class deductions and cut tax as and keep lower rates on capital gains. the tax policy center says it can't be done, randi. >> what would the romney/ryan team have to do to make the math work? can it work? >> i asked that question this week to moody's analytics and this is what he said. >> romney...
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Oct 14, 2012
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to get growth you should not raise taxes. it should lower the tax burden. we need to lower the overall burden if you can. then you need to do the things we talked about here. common sense energy policy. these are the areas that will create a framework that is conducive to growth. if the democrats will not go along, we should not raise taxes. we should lower them. >> what are your personal do you see yourself climbing to the highest rungs of the house? >> we will worry about those other issues and concerns after the election. i have been saying this. i believe it. we are at one of those historical moment for our country. we will decide to different directions we can go. it is one of those moments of magnitude. we always know the moment to never forget on a personal or family level. big goals you have any accomplish them. sometimes those moments of significant take a broader context. they apply to an entire country. we're at one of those moments. my focus is making sure we do everything we can to help mitt romney win. after that happens we will look at other
to get growth you should not raise taxes. it should lower the tax burden. we need to lower the overall burden if you can. then you need to do the things we talked about here. common sense energy policy. these are the areas that will create a framework that is conducive to growth. if the democrats will not go along, we should not raise taxes. we should lower them. >> what are your personal do you see yourself climbing to the highest rungs of the house? >> we will worry about those...
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Oct 8, 2012
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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whether it's their capital gains tax, their income tax, investment tax, any tax. and 95% of the people in the united states of america making less than $150,000 will get a tax break. now, that seems to me to be simple fairness. the economic engine of america is the middle class. it's the people listening to this broadcast. when you do well, america does well. even the wealthy do well. this is not punitive. john wants to add $300 million, billion in new tax cuts per year for corporate america and the very wealthy while giving virtually nothing to the middle class. we have a different value set. the middle class is the economic engine. it's fair. they deserve the tax breaks, not the super wealthy who are doing pretty well. they don't need any more tax breaks. and by the way, they'll pay no more than they did under ronald reagan. >> governor? >> i do take issue with some of the principle there with that redistribution of wealth principle that seems to be espoused by you. but when you talk about barack's plan to tax increase affecting only those making $250,000 a year
whether it's their capital gains tax, their income tax, investment tax, any tax. and 95% of the people in the united states of america making less than $150,000 will get a tax break. now, that seems to me to be simple fairness. the economic engine of america is the middle class. it's the people listening to this broadcast. when you do well, america does well. even the wealthy do well. this is not punitive. john wants to add $300 million, billion in new tax cuts per year for corporate america...
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Oct 11, 2012
10/12
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cut, tax credit attac, tax stimulus, tax credited will expire on new year's eve this year, a hundred billion on sequester in defense and nondefense spending will hit. and unemployment insurance will stop, so when you add that up, 700 billion, nearly 5% of gdp on an annualized basis, i'm not confident that political system has capacity to deal with a world wind this massive. neil: why are the markets so sanguine through this? >> there is no one at home on wall street, these are basically robots trading world clouds emitted by federal reserve or other tral banks in the world, they trade day-to-day hour to hour, based on latest new an in word, -- ne nuance in the world, this is not a one time events. neil: some are, jamie dimon of j.p. morgan is marshals for it. >> we're forming now a fiscal cliff war room, command center and all this stuff to make sure we understand it, j.p. morgan will survive a fiscal cliff, i think it is terrible policy to allow it to get close. neil: prepare for something bad? >> i think they are prepared. but -- >> what would a brokerage firm or investorment bank
cut, tax credit attac, tax stimulus, tax credited will expire on new year's eve this year, a hundred billion on sequester in defense and nondefense spending will hit. and unemployment insurance will stop, so when you add that up, 700 billion, nearly 5% of gdp on an annualized basis, i'm not confident that political system has capacity to deal with a world wind this massive. neil: why are the markets so sanguine through this? >> there is no one at home on wall street, these are basically...
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we need to avoid the $500 billion tax increase the scale of the tax hikes if nothing is done. i'm hopeful we will avoid the massive tax officer. >>neil: look forward to seeing you in person tomorrow, in kentucky. thank you very much, sir. >> and now eric and what coming up on "the five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are only now finding out that the white house says one thing and the state department says something completely different. we will look into that. then well turn our tables to some media bias. tomorrow night is the big vice presidential debate. we want to know why it took the "daily caller" to find out one of the moderators of the debate was a close friend of president obama 20 years ago president obama attended her wedding the we will bigg indo -- we will dig into that. neil you talked about business leaders are pushing back from president obama colleaguing steve wynn and josh welch and mr. otis and head of white castle. we
we need to avoid the $500 billion tax increase the scale of the tax hikes if nothing is done. i'm hopeful we will avoid the massive tax officer. >>neil: look forward to seeing you in person tomorrow, in kentucky. thank you very much, sir. >> and now eric and what coming up on "the five." >>eric: we will look at what is going on in benghazi and the hearings and find out what we knew, who knew what, when, whether there is a coverup, what going on and why we are only...
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Oct 10, 2012
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with th
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest......
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i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will lead to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're all with it on they are arithmetic here figure in inflation and a growing economy over a ten year period it's really going to be about twenty five trillion mitt romney wants to chop twenty percent off that was twenty percent to twenty five five how can mitt romney stand there and say to all of america i'm not in favor of a five trillion dollar tax cut when you just spent a year running around saying i want to twenty percent across the board tax cut all taxes that's five trillion dollars this math is indisputable when are you going to have to love the conservative defend mitt romney here because i
i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will lead to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're all...
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Oct 9, 2012
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massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left? >> first off, you're kind of misquoting what he said. number one, he said it's not a $5 trillion dr. >> 4.8. >> but it is. i don't care what he says, he's lying. it is $5 trillion. >> bob, let me make mire point. >> don't repeat his lie without any evidence. >> i'm not repeating it. the fact you call it a lie, you take that up with him. >> no, he's the one who's lying. >> let me make the point. how does it not -- >> the fact of the matter is he's identified that what he's going to do is limply fill the tax code in a number of
massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left?...
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Oct 12, 2012
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on to taxes. on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a million dollars will pay slightly more. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting only it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. we say let's have a vote on the middle class tax cut and have a vote on the upper tax cut. let's vote on it. they're staying no. they're holding hostage the middle class tax cut to the super wealthy. on top of that, they've got another tax cut coming th
on to taxes. on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a million dollars will pay slightly more. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my...
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tax cut unless you give the tax cut to the super wethy. it's about time they take responsibility. >> martha: mr. ryan. >> joe and i are from similar towns. he's from scranton, pennsylvania, i'm from wisconsin. you know what the unemployment rate is in scranton? >> i sure do. >> 10%. and when you came in, 8.5%. that's how it is going all around america. >> that's not how it's going. it is going down joo. >> martha: this is his two-minute answer, please. >> did they come in and inherit a tough situation? absolutely. but we are going in the wrong direction. look at where we are. the economy is barely limping along. it is growing 1.3%, slower thran last year and last year was slower than the year before. job growth in september was slower than in august and august was slower than in july. we are heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty today. this is not what a real recovery looks like. we need real reforms, for a real recovery, that's exactly what mitt romney and i ar
tax cut unless you give the tax cut to the super wethy. it's about time they take responsibility. >> martha: mr. ryan. >> joe and i are from similar towns. he's from scranton, pennsylvania, i'm from wisconsin. you know what the unemployment rate is in scranton? >> i sure do. >> 10%. and when you came in, 8.5%. that's how it is going all around america. >> that's not how it's going. it is going down joo. >> martha: this is his two-minute answer, please....
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Oct 10, 2012
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the wea
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
SFGTV: San Francisco Government Television
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Oct 6, 2012
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a preparation of taxes, tax increments of the annual budgeting process, the board retains the authority. director ram has a smaller scope when he sits on the oversight board; the other successor agency commission implements the plant, and the land use authority pursuant to the previously approved document by the commission and the board. that concludes my presentation. i am available for questions as is mr. elliott. >> do we take public comment on this? we are opening the public comment. if any. seeing none -- commissioner -- >> there's been somewhere in the news, potential for ucsf to come up against square footag limitation, and possibly they could come up for an increase. would this new commission be involved with that? the board of supervisor has to make the final decision. would the oversight commission make a recommendation? >> yes, ucsf and the successor agency have been working together; they are addicting of their own success. the buildings they have built within the 43 acres of mission bay south, will be maxed out on the envelope; they are not looking to expand on other sites
a preparation of taxes, tax increments of the annual budgeting process, the board retains the authority. director ram has a smaller scope when he sits on the oversight board; the other successor agency commission implements the plant, and the land use authority pursuant to the previously approved document by the commission and the board. that concludes my presentation. i am available for questions as is mr. elliott. >> do we take public comment on this? we are opening the public comment....
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Oct 12, 2012
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this one tax would actually tax 53% of small business and come. it is expected to cost 710,000 jobs. it does not pay for 10% of the proposed deficit spending increases. what we're saying is, lower tax rates across the board and close loopholes to the higher income people. we have three bottom lines. do not raise the deficit. do not raise taxes on the middle class. do not lower the share of me that is borne by the high income earners. he keeps saying this $500 trillion plan and it has been discredited by six studies and their deputy campaign manager acknowledges it was not correct. >> let's talk about the 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you have the specifics or are you still working on it and that is why you will not tell voters? >> different than this administration, we want to have a bipartisan agreements. >> do you have the specifics? >> look at what ronald reagan and tip o'neill did. the work together to fix the tax base. we are saying here is our framework. lower tax rates 20%.
this one tax would actually tax 53% of small business and come. it is expected to cost 710,000 jobs. it does not pay for 10% of the proposed deficit spending increases. what we're saying is, lower tax rates across the board and close loopholes to the higher income people. we have three bottom lines. do not raise the deficit. do not raise taxes on the middle class. do not lower the share of me that is borne by the high income earners. he keeps saying this $500 trillion plan and it has been...
SFGTV2: San Francisco Government Television
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Oct 10, 2012
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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Oct 7, 2012
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>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4 million, and i think he paid the same as i did in taxes. he also made a reference that troubled me very much. he started talking about my chauffeur. you know, i'm driven to work by the secret service. so is mrs. ferraro, so is mr. mondale's. they saved the life of the president of the united states. i thought that was a cheap shot telling the american people to try to divide class, rich and poor. but the big question, it isn't whether mrs. ferraro is doing well. i think they are depog pretty well. i know barbara and i are doing well. and it is darn sure mr. mondale is doing well with $1.4 million. bu
>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4...
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Oct 12, 2012
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lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that means successful. >> no specifics, again. >> what we're saying lower tax rates 20%. start with the wealthy. work with congress. >> you guarantee this math will add up? >> absolutely. six studies have verified this math adds up. >> vice president biden?
lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that...
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we should look at how we structure tax collection and business taxes. start looking at decrease in business taxes and creating a scenario where we are the lowest in the business tax in the midwest. empowerment of our small businesses, empowerment of youth coming out of school, if we really want to make indiana stronger, what i have heard across the state is that we want to stay here and work. we have restrictions put in front of us. we have to create a scenario where when you want to go to work, there is the ability to do that. if you do not have the education, we better start helping. if we keep filling an hour detention centers, if we keep helping the biggest of the big, eliminating the ability for a fair and level playing field, we are all going to struggle. being able to give indiana back the ability to go to work, that is what i want to do for indiana. the i want to stand up and show how we have put hundreds of people to work and how we have brought back industry to indiana, how we will empower the state and carry it into the future. >> as i have t
we should look at how we structure tax collection and business taxes. start looking at decrease in business taxes and creating a scenario where we are the lowest in the business tax in the midwest. empowerment of our small businesses, empowerment of youth coming out of school, if we really want to make indiana stronger, what i have heard across the state is that we want to stay here and work. we have restrictions put in front of us. we have to create a scenario where when you want to go to...
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pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is at john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy gave you, and eliminating some deductions and credits, all the tax credits that have funneled money to the administration's friends, not help the economy. let's get rid of those kind of corrupt deductions and credits and raise some money at the same time, but net, it's going to be a revenue-neutral at worst or a tax cut. >> part of what happened in the first debate, i think, and this will run back into the tax issue, is that people saw mitt romney and some thought, oh, he is not this scary person we've seen in the ads. he seemed reasona
pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is at john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy...
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he also forgets the 1986 tax act which ryan cited. cut the top tax rate from 5228%. sit down, de- clutter the code and cut tax rates. >> you ask why biden said this? he either does not know the history or he is just lamely line. he did that on the question about the question and afghanistan. he said i did not vote for those. he has been on the record for it. he was laughing about taxes. he was laughing about libya and iran. he took a fundamentally unserious approach to the nations very serious problem. that is how i read it. >> everyone is saying that they take away is that the vice president one. i think the immediate take away, the average american has a far different take today. >> they thought ryan was clearly up for the job. biden was just yapping away. [laughter] stuart: i think public opinion shifts the more we see of what you just described. steve forbes, always a pleasure. >> stuart, thank you. stuart: next, a self made immigrant. he is putting up millions of dollars to tell his story in this ad. >> i grew up in a socialist country. i have seen what it does
he also forgets the 1986 tax act which ryan cited. cut the top tax rate from 5228%. sit down, de- clutter the code and cut tax rates. >> you ask why biden said this? he either does not know the history or he is just lamely line. he did that on the question about the question and afghanistan. he said i did not vote for those. he has been on the record for it. he was laughing about taxes. he was laughing about libya and iran. he took a fundamentally unserious approach to the nations very...
SFGTV2: San Francisco Government Television
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
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we have to keep americans' taxes low. all americans' taxes low. let's not raise taxes on anybody today. we obviously have to stop this spending spree that's going on in washington. do you know that we've laid a $10 trillion debt on these young americans who are here with us tonight, $500 billion of it we owe to china? we've got to have a package of reforms and it has got to lead to reform prosperity and peace in the world. and i think that this problem has become so severe, as you know, that we're going to have to do something about home values. you know that home values of retirees continues to decline and people are no longer able to afford their mortgage payments. as president of the united states, alan, i would order the secretary of the treasury to immediately buy up the bad home loan mortgages in america and renegotiate at the new value of those homes, at the diminished value of those homes and let people be able to make those payments and stay in their homes. is it expensive? yes. but we all know, my friends, until we stabilize home values
we have to keep americans' taxes low. all americans' taxes low. let's not raise taxes on anybody today. we obviously have to stop this spending spree that's going on in washington. do you know that we've laid a $10 trillion debt on these young americans who are here with us tonight, $500 billion of it we owe to china? we've got to have a package of reforms and it has got to lead to reform prosperity and peace in the world. and i think that this problem has become so severe, as you know, that...
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the middle class tax cut unless you give the tax cut to the super wealthy. it's time they take responsibility. >> do you know what the unemployment rate in scranton is today? >> i sure do. >> 10%. when you came into office it was 8.5% this, is going like this around america. >> that is not how goitsing. >> they talk about the great recession like it fell out of the sky. it came from this man voting to put two wars on a credit card at the same time put a prescription drug benefit on a credit card. a trillion dollar tax cut for very wealthy. >> you're going to cut tax rates and preserve for middle class taxpayer. >> it's not mathematically possible. >> it's been done a couple times. >> never been done. >> ronald reagan. >> middle class got knock ond their heels. the great recession crushed them. they need help now. >> next time you hear them say don't worry about it, we'll get wealthy people to pay their fair share. watch out, middle class, the tax bill is coming to you. >> greta: right now gets go to jamesville, wisconsin. his father and -- family and friends
the middle class tax cut unless you give the tax cut to the super wealthy. it's time they take responsibility. >> do you know what the unemployment rate in scranton is today? >> i sure do. >> 10%. when you came into office it was 8.5% this, is going like this around america. >> that is not how goitsing. >> they talk about the great recession like it fell out of the sky. it came from this man voting to put two wars on a credit card at the same time put a...
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. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geo political foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me.
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney...
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they pay more effective tax than governor romney pays in his federal income tax. >> indeed. biden's performance was so impressive, the other party was forced to admit that they had taken a hiding. with even mitt romney singing joe's praises today in virginia. >> i think you might agree with me that there was one person on stage last night who was thoughtful and respectful, steady, and poised, the kind of person you want to turn to in a crisis. >> no, no, that can't be right. there must be more to it than that. >> and that was the next vice president of the united states, paul ryan. >> right. he was talking about this guy. >> he talks about detroit. mitt romney is a car guy. >> good one. sell that salesman at the top of the ticket and drives a couple cad laks. but bill clinton today, well, he was a bit incredulous about that line at an event in indiana. >> mr. ryan said last night that governor romney was a car guy. i thought, well, if having an elevator to stack them counts, i guess he was. >> now president clinton, don't you go down that line that mr. romney is just a pluto
they pay more effective tax than governor romney pays in his federal income tax. >> indeed. biden's performance was so impressive, the other party was forced to admit that they had taken a hiding. with even mitt romney singing joe's praises today in virginia. >> i think you might agree with me that there was one person on stage last night who was thoughtful and respectful, steady, and poised, the kind of person you want to turn to in a crisis. >> no, no, that can't be right....
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vo: why won't t romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase e the deficit to pay for it. if we can't trust him here... how could we ever trust him here? let me tell you how i will create 12 million jobs when president obama couldn't. first my energy independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower tes for the middle class and for small business creates seven million more. and expanding trade, cracking down on china and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. pamela howze: it just seems like such an... infringement on our lives. how dare they step into my life that way. it's none of their business. he's trying to restrict us again. he's taking us backwards. george allen is the last thing we need in washington. anncr: the democratic senatorial campaign committee is... responsible for the content of this advertising.
vo: why won't t romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase e the deficit to pay for it. if we can't trust him here... how could we ever trust him here? let me tell you how i will create 12 million jobs when president obama couldn't. first my energy independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower...
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that without the debate quickly turning into talk about government death panels and health-care rationing? >> we need to make a commitment to be blunt public health care systems like medicare and medicaid that we are going -- public health care systems that we're going to take care of them. u.s.s my commitment as a senator. but in order to do that, the have to have a medicare and medicaid program that works for those individuals and is not just designed to pad the bottom lines of insurance companies. this is where linda mcmahon an
raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that...
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the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s and '40 50s the rest of the world had basically destroyed the rest of its capacity in world war ii so we made everything we wanted, cars, t-shirts, socks, televisions, electronics. we made that all here in the u.s., were consumed it. we exported it because nobody else was doing it. we are not going back to a world in which we will have a monopoly on industrial production. in fact, it's the opposite. everybody else now hats hardware to make all the stuff that we did, so it is much more of a challenge to just say, you know, we're going to do these sort of three things that w
the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s...
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and other taxes and an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are military vets and military personnel fighting right now. that is the 47% that this nation depends on to build this country. it is about time governor romney takes some responsibility. [applause] take some responsibility to help the american people, the middle class, instead of lining up to sign a pledge to a guy named grover norquist, sign a pledge -- [booing] no, i tell you, it would be funny if it were not so serious. i think the vast majority of the republicans in the house have signed a pledge that we will not raise taxes $1 on the wealthy. not one. and ladies and gentlemen, it is time romney and ryan and the republican congress to take a pledge to the middle class people saying we will level the playing field. we will get you back in the game. we will give you a fair shot again. [cheers and applause] it is time they acknowledged what got us into this trouble in the first place. they talk about this great recess
and other taxes and an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are military vets and military personnel fighting right now. that is the 47% that this nation depends on to build this country. it is about time governor romney takes some responsibility. [applause] take some responsibility to help the american people, the middle class, instead of lining up to sign a pledge to a guy named grover norquist, sign a pledge --...
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taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only $42,000 a year. that's a lot of middle income, average american families, to increase taxes on them? i think that is a way to kill jobs and continue to harm our economy. >> moderator: senator? biden: charge is absolutely not true. barack obama did not vote to raise taxes. the vote she's referring to, john mccain voted the exact same way. it was a budget procedural vote. john mccain voted the same way, it did not raise taxes. number two, using the standard that the governor uses, john mccain voted 477 times to raise taxes. it's a bogus sta
taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making...
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i'm not in favor of a $5 trillion tax cut. >> analysis from the nonpartisan tax policy center found romney's plan would cost the country $5 trillion over the the next ten years. romney's friends at fox news say romney doesn't have to explain his fuzzy math. here's chris wallace defending romney's flip-flop to governor martin o'malley. >> the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that's not true. >> chris, wait a minute here. former governor is proposing a cut to income taxes including for the wealthiest of americans and i believe a 30% cut to corporate income taxes. >> any economist may debate whether that adds up to $4.9 trillion or $5 trillion. >> you're mischaracterizing the romney plan. you're saying, you're right, $5 trillion by lowering the tax rates, but he also talks about cutting loopholes. that's part of the plan. >> he won't say which loopholes and which deduction. >> joining me is e.j. dionne, author of the new book "our divided political heart." i've got so much heart. you know the details, the devil in the details, however, you want to say
i'm not in favor of a $5 trillion tax cut. >> analysis from the nonpartisan tax policy center found romney's plan would cost the country $5 trillion over the the next ten years. romney's friends at fox news say romney doesn't have to explain his fuzzy math. here's chris wallace defending romney's flip-flop to governor martin o'malley. >> the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that's not true. >> chris, wait a minute here. former...
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility. >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
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ryan's plan is completely tax free, get rid of the capital gains tax, get rid of the gift tax, create dynastic wealth, turn america into 18th century france, and we all know how well that ended. >> david cay, what about the loopholes? middle class americans out there keep hearing that loopholes are going to be closed. what do you think they're talking about? they haven't been specific on that, either. >> no, and that's part of the troubling idea. what they're very specific about is cutting taxes. they won't talk about exactly what are we going to do? and without knowing that, we have absolutely no idea. are they going to stop the use of offshore investing and total deferral of income for private equity managers like mitt romney was when he was the sole owner of bain capital? and could have taken advantage of that? they won't say, so we have no idea. but the big numbers would be in taking away the middle class' 401(k) or other retirement savings plans, health insurance, and the mortgage interest deduction. >> yeah. let's clear up this about social security. play this sound bite, if we
ryan's plan is completely tax free, get rid of the capital gains tax, get rid of the gift tax, create dynastic wealth, turn america into 18th century france, and we all know how well that ended. >> david cay, what about the loopholes? middle class americans out there keep hearing that loopholes are going to be closed. what do you think they're talking about? they haven't been specific on that, either. >> no, and that's part of the troubling idea. what they're very specific about is...
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. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes, taxes, taxes. >> taxes. >> tax, tax, tax. >> tax. >> tax, tax. >> tax. >> tax, tax, tax, tax, tax. >> let me talk specifically about taxes. [ laughter ] >> jimmy: and now to sports, or as it's said in reverse strops. [ light laughter ] a group of people who hate field goal posts demonstrated their rage at a recent game. [ light laughter ] no people were injured but the field goal post is in critical condition -- [ laughter ] now, to "tick-tock tech talk," your source for the latest in technology development. here to give his review of the iphone 5 is tech correspondent, greg laspo. greg? >> thank you, jimmy. where do i begin with the iphone 5? let's start with my favorite feature right here on the back of the phone -- new 8 mega pixel camera. this thing takes stills and -- [ phone rings ] excuse me, jimmy. hello? what? oh, no. oh, i'm so sorry. wow. okay. thank you. bye. >> jimmy: everything okay, greg? >> my cousin's horse choked on a hot dog. [ laughter ] >> jimmy: i'm sorry to hear that. [ laughter ] >> that's okay. i hat
. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes, taxes, taxes. >> taxes. >> tax, tax, tax. >> tax. >> tax, tax. >> tax. >> tax, tax, tax, tax, tax. >> let me talk specifically about taxes. [ laughter ] >> jimmy: and now to sports, or as it's said in reverse strops. [ light laughter ] a group of people who hate field goal posts demonstrated their rage at a recent game. [ light laughter ] no people...
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we have a masse tax increase, a repeal of the bush tax cuts, we have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at stock prices today, the fiscal cff is not yet built. neil: they dot even see that as a possibility. the closer we get, the more they start getting antsy and. >> again, i'm very concerned about that. antsy for sure. and i don't think that we are going to get a solution to this thing, certainly before the end of the year. neil: so you don't even buy the six-month extension think? >> when we can stop looking at this thing in bits and pieces. this is not what leaders d. leaders are decisive. neil: when it comes to the sequestration cuts that they agree to, they are trying to change the rules on that. >> i cannot disagree with you there, neil. but i would ask your audience to think back to when barack obama was running for president. he ran as a uniter. he was going to
we have a masse tax increase, a repeal of the bush tax cuts, we have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at stock prices today, the fiscal cff is not yet built. neil: they dot even see that as a possibility. the closer we get, the more they start getting antsy and. >>...
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bush when the tax rate was 35%. you can say i don't care about that we should still have lower taxes, but you can't change those facts and our job as journalists is to call balls and strikes and get it out there in front of people. and that takes hard work. there will be a lot of people that are angry about the book that i've read. okay? let's talk about it. let's engage and that is our responsibility. you've got one over here? there is one way back there. >> thank you you very much for coming. >> can you talk louder? >> thank you very much for coming. i have a question regarding the successive movements. the mission before that theíñ occupied movement failed because it didn't have the unified message i was wondering what it have an interest in being7 any measure, what would;<ñ i really a bunch of stuff out in front of you i think there's ideas that were crucial and waiting for somebody else's i came to talk about the why we it is up to this generation. night as we talk in washington together to have what will
bush when the tax rate was 35%. you can say i don't care about that we should still have lower taxes, but you can't change those facts and our job as journalists is to call balls and strikes and get it out there in front of people. and that takes hard work. there will be a lot of people that are angry about the book that i've read. okay? let's talk about it. let's engage and that is our responsibility. you've got one over here? there is one way back there. >> thank you you very much for...
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he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how you reduce deductions and exemptions, a $25,000 $50,000 limit that any one individual could use. that was specific offered by marty felled stein of harvard as a way to make tax reform work. >> and both of them embraced the simpson-bowles commission and the simpson-bowles commission put out three different tax rates and each rate you will have to do something with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point
he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how...
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there are a number of important tax loopholes, if you want to call them that, or tax incentives that will have to be ended. this is not something they're prepared to talk about. politically you have to understand that. they have 27 days left. it's not in anybody's best interest to say we're going to hawk at the most important entitlement that they've had for generations. they're trying to do something that is politically understandable, and the democrats will try to hold them to account and fill in those gap where is they have refused to be specific about it. >> michael: thomas, what errol is saying is really true. i can't imagine a homeowner who wants to see that mortgage interest write-off gone. when it's clear that the republicans cannot do this cut without that you heard ryan last night. how do they get away with that? >> i think in the same way they're getting away with all sorts of things. if you look at the paul ryan budget, and i understand that's not what mitt romney is proposing this year, but if you go back and look at--he did put paul ryan on the ticket. he did it for a r
there are a number of important tax loopholes, if you want to call them that, or tax incentives that will have to be ended. this is not something they're prepared to talk about. politically you have to understand that. they have 27 days left. it's not in anybody's best interest to say we're going to hawk at the most important entitlement that they've had for generations. they're trying to do something that is politically understandable, and the democrats will try to hold them to account and...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you...
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Oct 7, 2012
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the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? senator, i doubt seriously you would be in favor of doing away or cutting the home mortgage deduction, for middle class americans. i mean, governor romney has not said what the secret plan is for
the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our...
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Oct 9, 2012
10/12
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tax cuts. a guy who says we shouldn't be having mission creep in libya but wants mission creep in syria. he's been on all sides of the issues. >> that's just in the last week. >> the president needs to just say these things, it's not obvious to people watching on tv. when you're in a debate it's helpful to talk about it at that time rather than in the rallies afterwards. the jobs question is very interesting. he's trying to convince people in ohio where the unemployment rate is lower than the national average, which already is coming down -- >> in a place where the president's plan to save the auto industry actually protected many jobs. >> so in the face of all the evidence around them, and you can argue about economic statistics as much as you like, but people know their own economy and their own lives. he's trying to put against that by saying there are joshs in the ground we will dig up presumagely by pulling away from environmental regulations. he's talking really about fracking. that's his
tax cuts. a guy who says we shouldn't be having mission creep in libya but wants mission creep in syria. he's been on all sides of the issues. >> that's just in the last week. >> the president needs to just say these things, it's not obvious to people watching on tv. when you're in a debate it's helpful to talk about it at that time rather than in the rallies afterwards. the jobs question is very interesting. he's trying to convince people in ohio where the unemployment rate is...
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Oct 11, 2012
10/12
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the president is saying that you say romney's tax plan we will end up raising taxes on middle-class. is that what you said? >> thas absolutely not what i said. what i said is that he can cut rates on the very highest income taxpayers and get rid of looples and tax preferences, he can make up enough money for those people at the high end to not end up paying more, don't end up paying less. if they don't have to pay less than the people below them don't have to pay more. that's what i showed. mathematically possible for the romney plan to work. i did not show or claim that middle-class people would have to pay more. there is nothing in my aper that states at. nothing in my paper that implies that, nothing in the numbers that would support that conclusion. gerri: professor, the administration that is saying 180 degrees the opposite of what you said. >> exactly. gerri: completely misinterpreting what you said. tell me about your nalys of mitt romney's plan. what would be the ultimate effect of raising -- lowering tax rates by 20% on everybody. take away some of these deductions. drawing
the president is saying that you say romney's tax plan we will end up raising taxes on middle-class. is that what you said? >> thas absolutely not what i said. what i said is that he can cut rates on the very highest income taxpayers and get rid of looples and tax preferences, he can make up enough money for those people at the high end to not end up paying more, don't end up paying less. if they don't have to pay less than the people below them don't have to pay more. that's what i...
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Oct 11, 2012
10/12
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if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long return. that's 2% of the taxpayers that we're talking about. and one of the things we'll have to deal with over the next decade is that to really get some of these entightments under control -- >> bill: all right. we're going to take a break, because i want to challenge that. >> okay. >> bill: it's a hell of a lot more money than big bird is. nancy cook is in the studio with us. we're just getting started here. 866-55-press is our toll free number. join the conversation. >> announcer: this is the >> bill: >> bill: show, live on your radio an
if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long...
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Oct 11, 2012
10/12
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the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you will never get that bargain. i believe there are some republicans who say you go -- if you lower the top tax rate, that you cannot produce any new revenue for government. i do not believe that. i say if we generate new revenue, then pay down the debt faster, by down the rate further. so i am not one who says he cannot generate any new revenue. there was a question a while ago about and ethanol subsidy that i have been trying to get rid of for years. we finally did. that is about $6 billion. some republicans said if you get rid of that -- it's price revenue neutral. get rid of a bad subsidy.
the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you...
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Oct 9, 2012
10/12
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. >> first of all, i don't have a $5 trillion tax cut. i'm not looking for a $5 trillion tax cut. let me repeat what i said, i'm not in favor after $5 trillion tax cut. that's not my plan. >> a romney's plan could cost the country $5 trillion over the next five years. his friends at fox news says he doesn't have to explain his fuzzy math. here is chris wallace depending romney's flip-flop to o'malley. >> the president says that mitt romney is proposing a $5 trillion tax cut. that's not true. >> kras, wait a minute here. the governor -- i mean, former governor romney, is proposing 0% cut to income taxes, including for the wealthiest of americans and 30% cut to corporate income taxes. any economist my debate whether that is 4.9 trillion or 5 trillion. >> you're mischaracterizing the romney plan. you're right, 5 trillion by lowering the tax rates but also cuts about cutting loop holes and -- >> ahhhh. >> but that is part of the plan. >> but he won't say which loop holes and which deductions. >> joining me washington post kol columnest and author. you. >> you have a lot of heart, ed.
. >> first of all, i don't have a $5 trillion tax cut. i'm not looking for a $5 trillion tax cut. let me repeat what i said, i'm not in favor after $5 trillion tax cut. that's not my plan. >> a romney's plan could cost the country $5 trillion over the next five years. his friends at fox news says he doesn't have to explain his fuzzy math. here is chris wallace depending romney's flip-flop to o'malley. >> the president says that mitt romney is proposing a $5 trillion tax cut....
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Oct 9, 2012
10/12
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would say whe
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of...
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Oct 12, 2012
10/12
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CNBC
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tax policy in america can cause people to behave in any desirable way, increase taxes and all you do is kill incentive and kill investment. i think that's my thinking on the subject. >> steve, we want to thank you very much for your time today. again, steve wynn, who has been joining us from germany today, we realize there's a delay, but we really appreciate your time. thank you, and thanks to ron baron for bringing him too. >> it was a delay but finally arrived here loud and clear. i don't know, anyway. >>> when we come back we'll have quarterly results from wells fargo that are out in just about 11 minutes from now, plus jpmorgan is just beginning a conference call with journalists. our earnings team is taking part and we'll give you the headlines as they hit. first we head to a break and take a look at the dow futures up by 40 points above fair value, this comes after slight losses for the s&p, the dow and the nasdaq yesterday. tgif. at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at o
tax policy in america can cause people to behave in any desirable way, increase taxes and all you do is kill incentive and kill investment. i think that's my thinking on the subject. >> steve, we want to thank you very much for your time today. again, steve wynn, who has been joining us from germany today, we realize there's a delay, but we really appreciate your time. thank you, and thanks to ron baron for bringing him too. >> it was a delay but finally arrived here loud and clear....
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Oct 13, 2012
10/12
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i get no tax cut. what you are talking about is increase the taxes across the board. >> 30 seconds. >> here is what an economics professor says about her plan, he says it would balloon the deficit at a phenomenal rate. at some point arithmetic passed a matter. linda mcmahon calls for point with -- 4 $1 trillion in tax cuts. current spending cuts are 360 billion. that is 12 times as many tax cut the spending cuts. that is why we are in the mess today. we're not serious about deficit reduction. this country's going to flip right back into a recession. >> thank you. that is a nice segue into cutting the national deficit. >> many believe the only way to reduce our deficit is to cut back on spending. please name three specific programs you could see eliminated. the senior political science major here wants to know how you can protect connecticut defense businesses? >> i have been proud to have stood up for spending cuts. i do not think we need $6 billion in agricultural subsidies to midwestern farmers. i do
i get no tax cut. what you are talking about is increase the taxes across the board. >> 30 seconds. >> here is what an economics professor says about her plan, he says it would balloon the deficit at a phenomenal rate. at some point arithmetic passed a matter. linda mcmahon calls for point with -- 4 $1 trillion in tax cuts. current spending cuts are 360 billion. that is 12 times as many tax cut the spending cuts. that is why we are in the mess today. we're not serious about deficit...
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Oct 9, 2012
10/12
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there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know who is on tap today, but i do know that the gang has a lot of friends and allies and freelance members of the senate that come in and come out of meetings enjoying immense sum of these discussions. -- and joined in on some of these discussions. there have been meetings with stakeholders. i do not know if you would call them lobbyists, but business leaders, others that could provide input, and that is probably a good question to do some digging on, to see the role that lobbyists are playing because we know that tax l
there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know...